📢 Gate Square Exclusive: #WXTM Creative Contest# Is Now Live!
Celebrate CandyDrop Round 59 featuring MinoTari (WXTM) — compete for a 70,000 WXTM prize pool!
🎯 About MinoTari (WXTM)
Tari is a Rust-based blockchain protocol centered around digital assets.
It empowers creators to build new types of digital experiences and narratives.
With Tari, digitally scarce assets—like collectibles or in-game items—unlock new business opportunities for creators.
🎨 Event Period:
Aug 7, 2025, 09:00 – Aug 12, 2025, 16:00 (UTC)
📌 How to Participate:
Post original content on Gate Square related to WXTM or its
Analysts rare warning: Bitcoin's key support level is under threat! BTC may fall to $82,000.
Gate News bot message, encryption analyst Ali (@ali_charts) stated that Bitcoin (BTC) is currently holding the MVRV +1.0σ range, with a price of 102044 USD, which is a historically significant support area. If it breaks through, it could trigger a sharp fall in price to the MVRV average of 82570 USD.
This level has acted as a rebound point multiple times in past pullbacks, making it a key line for bulls. However, several on-chain and technical signals are turning bearish, indicating that momentum is weakening. The market now faces a crucial test that could determine whether the current cycle is a restart or a continuation.
The Network Value to Transactions (NVT) ratio surged by 83.82%, reaching 56.81. This increase indicates that the market capitalization of BTC is growing faster than its transaction volume, which may be a potential signal of overvaluation.
Historically, similar NVT peaks often coincide with local market tops or short-term pullbacks. Although the price remains above $104,000, on-chain activity has failed to keep up with the upward trend, indicating that fundamental support is weakening.
Therefore, the rapid growth of NVT has increased the downward pressure and implies that the pricing of Bitcoin may exceed its current utility.
Source: AmbCrypto